Foreign Aided: Why Democratization Brings Growth When Democracy Does Not
Research output: Contribution to journal › Journal article › Research › peer-review
Standard
Foreign Aided: Why Democratization Brings Growth When Democracy Does Not. / Hariri, Jacob Gerner.
In: British Journal of Political Science, Vol. 45, No. 1, 01.2015, p. 53-71.Research output: Contribution to journal › Journal article › Research › peer-review
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - Foreign Aided: Why Democratization Brings Growth When Democracy Does Not
AU - Hariri, Jacob Gerner
PY - 2015/1
Y1 - 2015/1
N2 - There is an unresolved puzzle in research on the economics of democracy. While there is consensus that democracy is not generally associated with higher rates of economic growth, recent studies have found that democratization is followed by growth. But why should becoming a democracy bring growth if being one does not? This article shows that a substantial and immediate influx of foreign aid into new democracies accounts for the positive growth effect of democratization. The domestic regime characteristics of neither democracy nor democratization therefore seems to bring growth. The importance of aid in explaining the democratization-growth nexus underscores that democratizations do not occur in vacuum and cannot be fully understood from internal factors alone
AB - There is an unresolved puzzle in research on the economics of democracy. While there is consensus that democracy is not generally associated with higher rates of economic growth, recent studies have found that democratization is followed by growth. But why should becoming a democracy bring growth if being one does not? This article shows that a substantial and immediate influx of foreign aid into new democracies accounts for the positive growth effect of democratization. The domestic regime characteristics of neither democracy nor democratization therefore seems to bring growth. The importance of aid in explaining the democratization-growth nexus underscores that democratizations do not occur in vacuum and cannot be fully understood from internal factors alone
U2 - 10.1017/S0007123413000276
DO - 10.1017/S0007123413000276
M3 - Journal article
VL - 45
SP - 53
EP - 71
JO - British Journal of Political Science
JF - British Journal of Political Science
SN - 0007-1234
IS - 1
ER -
ID: 50309985